Redwire shares slide 2.5% to $14.46 as SpaceX debut draws capital and a $500M ATM plan raises dilution fears

Redwire (RDW) shares fell 2.5% to $14.46 as capital rotated toward newly public SpaceX, pressuring smaller space stocks. The company also announced a $500 million at-the-market equity offering program, fueling concerns about dilution and cash burn. Short interest rose to 22.43% of the public float, with just 1 day to cover, adding to downside pressure. Analysts’ price targets remain widely split, ranging from $6 to $24.